Nomura Holdings Inc. Has $350,000 Holdings in Stag Industrial, Inc. $STAG

Key Points

• Nomura Holdings Inc. has decreased its holdings in Stag Industrial, Inc. by 78.0%, reducing ownership to 9,689 shares worth approximately $350,000.
• The company announced a monthly dividend of $0.1242 per share, which results in an annualized yield of 4.0%, despite a high dividend payout ratio of 117.32%.
• Stag Industrial reported quarterly earnings of $0.63 EPS, meeting analyst expectations, with a revenue increase of 9.4% year-over-year.

Nomura Holdings Inc. reduced its stake in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 78.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,689 shares of the real estate investment trust's stock after selling 34,277 shares during the quarter. Nomura Holdings Inc.'s holdings in Stag Industrial were worth $350,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Teacher Retirement System of Texas raised its stake in shares of Stag Industrial by 55.3% during the first quarter. Teacher Retirement System of Texas now owns 39,735 shares of the real estate investment trust's stock valued at $1,435,000 after purchasing an additional 14,155 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Stag Industrial by 2.7% during the first quarter. Principal Financial Group Inc. now owns 429,045 shares of the real estate investment trust's stock valued at $15,497,000 after purchasing an additional 11,408 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Stag Industrial by 4.7% during the first quarter. Janney Montgomery Scott LLC now owns 12,711 shares of the real estate investment trust's stock valued at $459,000 after purchasing an additional 571 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Stag Industrial by 8.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,255 shares of the real estate investment trust's stock valued at $587,000 after purchasing an additional 1,295 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Stag Industrial by 2.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,212,192 shares of the real estate investment trust's stock worth $116,024,000 after acquiring an additional 87,659 shares during the period. 88.67% of the stock is currently owned by institutional investors.

Stag Industrial Price Performance

NYSE:STAG traded up $0.63 during mid-day trading on Thursday, reaching $36.42. 1,794,613 shares of the stock were exchanged, compared to its average volume of 1,068,693. The business has a fifty day moving average price of $35.75 and a 200 day moving average price of $35.18. The firm has a market capitalization of $6.80 billion, a PE ratio of 28.68 and a beta of 0.94. Stag Industrial, Inc. has a 1-year low of $28.61 and a 1-year high of $40.40. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.86.

Stag Industrial (NYSE:STAG - Get Free Report) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.63. The firm had revenue of $207.44 million for the quarter, compared to analyst estimates of $206.37 million. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%.Stag Industrial's revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 earnings per share. Research analysts expect that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.1242 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date is Friday, August 29th. Stag Industrial's payout ratio is presently 117.32%.

Analyst Upgrades and Downgrades

STAG has been the topic of a number of research analyst reports. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $38.00 target price on shares of Stag Industrial in a report on Monday, May 19th. Evercore ISI lifted their target price on Stag Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $38.17.

Insider Transactions at Stag Industrial

In other Stag Industrial news, Director Benjamin S. Butcher sold 25,000 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $36.91, for a total transaction of $922,750.00. Following the sale, the director owned 7,562 shares in the company, valued at approximately $279,113.42. The trade was a 76.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company's stock.

Stag Industrial Company Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.